Can I retire at age 40 with 631,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$52,107$51,643$51,190$50,748$50,317$49,504
2 years$25,796$25,315$24,850$24,398$23,960$23,143
3 years$17,026$16,544$16,079$15,632$15,201$14,406
4 years$12,642$12,161$11,702$11,262$10,842$10,074
5 years$10,013$9,535$9,081$8,650$8,242$7,504
6 years$8,260$7,786$7,339$6,918$6,521$5,814
7 years$7,009$6,539$6,099$5,687$5,304$4,628
8 years$6,071$5,605$5,172$4,771$4,400$3,755
9 years$5,342$4,880$4,455$4,064$3,705$3,091
10 years$4,759$4,301$3,884$3,503$3,157$2,573
11 years$4,282$3,829$3,419$3,049$2,715$2,160
12 years$3,885$3,437$3,034$2,674$2,353$1,826
13 years$3,549$3,106$2,711$2,361$2,052$1,553
14 years$3,262$2,823$2,436$2,096$1,799$1,327
15 years$3,013$2,579$2,199$1,869$1,584$1,138
16 years$2,796$2,366$1,994$1,674$1,400$980
17 years$2,604$2,179$1,814$1,504$1,241$845
18 years$2,434$2,014$1,656$1,355$1,103$731
19 years$2,281$1,866$1,516$1,224$984$634
20 years$2,145$1,734$1,392$1,109$879$550
21 years$2,021$1,615$1,280$1,006$786$478
22 years$1,909$1,508$1,180$915$705$417
23 years$1,806$1,410$1,089$833$633$363
24 years$1,713$1,321$1,007$760$569$317
25 years$1,627$1,240$933$694$512$276
26 years$1,548$1,165$865$635$461$242
27 years$1,474$1,097$804$581$415$211
28 years$1,406$1,034$747$532$375$185
29 years$1,343$975$695$488$339$162
30 years$1,284$921$648$448$306$142
31 years$1,230$870$604$411$277$124
32 years$1,178$824$563$378$250$109
33 years$1,130$780$526$348$226$95
34 years$1,085$739$491$320$205$83
35 years$1,042$701$459$295$186$73
36 years$1,002$666$430$271$168$64
37 years$964$632$402$250$152$56
38 years$929$601$377$230$138$49
39 years$895$571$353$212$125$43
40 years$863$543$331$196$114$38
41 years$832$517$310$181$103$33
42 years$803$493$291$167$94$29
43 years$776$469$273$154$85$26
44 years$750$447$256$142$77$22
45 years$725$427$241$131$70$20
46 years$701$407$226$121$64$17
47 years$678$388$212$112$58$15
48 years$657$371$200$104$52$13
49 years$636$354$188$96$48$12
50 years$616$338$176$88$43$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $631,000, adding $5,368 every year, while hoping to spend $39,862 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 53/40/7 Blend
39$631,000$631,000$631,000$631,000
40$700,899$667,456$657,676$736,590
41$729,978$657,749$637,295$751,671
42$760,687$646,229$614,895$763,254
43$793,150$632,768$590,367$774,896
44$827,503$617,225$563,596$786,610
45$863,893$599,454$534,462$798,412
46$902,483$579,300$502,839$810,321
47$943,449$556,599$468,597$822,363
48$986,985$531,175$431,599$834,569
49$1,033,300$502,846$391,701$846,973
50$1,082,628$471,417$348,754$859,619
51$1,135,222$436,682$302,602$872,557
52$1,191,357$398,423$253,083$885,846
53$1,251,340$356,409$200,025$899,555
54$1,315,503$310,399$143,252$913,764
55$1,384,210$260,135$82,577$928,565
56$1,457,863$205,346$17,807$944,064
57$1,536,902$145,744$0$960,384
58$1,621,808$81,028$0$981,495
59$1,713,111$10,876$0$1,005,395
60$1,811,392$0$0$1,030,948
61$1,917,290$0$0$1,087,009
62$2,031,504$0$0$1,152,684
63$2,154,806$0$0$1,223,634
64$2,288,042$0$0$1,300,352
65$2,432,141$0$0$1,383,381
66$2,588,126$0$0$1,473,316
67$2,757,121$0$0$1,570,812
68$2,940,361$0$0$1,676,591
69$3,139,204$0$0$1,791,443
70$3,355,146$0$0$1,916,242
71$3,589,830$0$0$2,051,945
72$3,845,064$0$0$2,199,608
73$4,122,838$0$0$2,360,391
74$4,425,340$0$0$2,535,572
75$4,754,979$0$0$2,726,555
76$5,114,407$0$0$2,934,887
77$5,506,541$0$0$3,162,271
78$5,934,592$0$0$3,410,581
79$6,402,095$0$0$3,681,881
80$6,912,942$0$0$3,978,440
81$7,471,417$0$0$4,302,761
82$8,082,238$0$0$4,657,595
83$8,750,597$0$0$5,045,975
84$9,482,214$0$0$5,471,239
85$10,283,386$0$0$5,937,063
86$11,161,048$0$0$6,447,495
87$12,122,838$0$0$7,006,994
88$13,177,166$0$0$7,620,471
89$14,333,297$0$0$8,293,333
90$15,601,432$0$0$9,031,538
91$16,992,811$0$0$9,841,647
92$18,519,811$0$0$10,730,886
93$20,196,068$0$0$11,707,219
94$22,036,601$0$0$12,779,413
95$24,057,956$0$0$13,957,129
96$26,278,357$0$0$15,251,011
97$28,717,884$0$0$16,672,782
98$31,398,655$0$0$18,235,357
99$34,345,039$0$0$19,952,967
100$37,583,882$0$0$21,841,287